Refining & Petrochemicals Middle East
BASF CEO Brudermüller re-elected as president of Cefic
Chemical giant BASF CEO Martin Brudermüller has been re-elected president of Cefic (European Chemical Industry Council) for another 2-year term, effective immediately. The decision to re-appoint Brudermüller as the president was taken at Cefic’s annual general assembly held recently.
Commenting on his election, Brudermüller said, “I started my first term as president when the COVID-19 pandemic was raging across the world. Today, we have a war on our doorstep in Europe and an unprecedented energy crisis that is threatening the very existence of Europe’s industrial production.”
He said for the first time in decades, Europe imports more chemicals than it exports. “Many of European value chains are breaking up as we speak. There is no more room for business as usual. Appropriate political action is needed and we need it fast to safeguard our industrial base in Europe. At the same time, the chemical industry needs to re-invent how we produce and what we produce in less than 30 years from now to meet the European Green Deal goals with a double twin transition challenging us,” he said while adding, “The next years will become a ‘stress test’ for the resilience and ingenuity of our industry. And robust progress with the chemicals transition pathway including an appropriate prioritisation and sequencing of regulatory measures will be crucial, not only for our sector but for the whole EU economy.”